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Successful companies that were started by military veterans


It may not be a huge surprise that USAA — a company that exclusively caters to military veterans and their families — was started by veterans.

Interestingly, though, it doesn’t have just one founder: It has 25.

Back in the 1920s, it was pretty hard for military service members to get (or keep) auto insurance, since it was either way too expensive or likely to get canceled because they moved around so much.

That’s why Maj. William Henry Garrison and 24 of his fellow Army officers got together in 1922 to form their own mutual company to insure themselves, according to Encyclopedia.com. Today, the United Services Automobile Association provides insurance, banking, and investment services to 12.4 million members.

Disclosure: Former Business Insider editor Paul Szoldra has USAA insurance and use its banking services.



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